World
Gold price falls 28%, but global demand holds firm in the first half of 2026
Gold was trading at around US$4,000 an ounce on July 30, 2026, nearly 28% below its peak and below its level at the start of the year. Global demand nevertheless rose 2% year on year to 2,522 tonnes in the first half. Investment demand fell sharply in the second quarter, while central-bank purchases rebounded to 289 tonnes. Analysts say official-sector buying alone cannot sustain the price: investor demand of about 500 tonnes per quarter would be needed to keep gold above US$4,000 an ounce.